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How would you help them prevent future frauds

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Reference no: EM133125825

Question - In 1992 General Motors experienced a $436 million fraud committed by a Long Island automobile dealer. Because of this huge fraud, they have asked you to help them install a "framework that would not allow this kind of problem to happen again in the future."

Required -

1. How much revenue is needed to make up for this fraud (assuming a 10% profit margin)?

2. How would you help them prevent future frauds?

3. Is it possible to eliminate all frauds?

4. Why do you think this fraud was allowed to occur?

5. Go to website Fraud and learn about the National Fraud Information Center (NFIC). What does it do, and specifically, how does it make it easy for people to report fraud?

Reference no: EM133125825

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